Mike is a retired stock broker, and now published author of Gold Rush!. In addition, he is a freelance writer specializing in real estate, personal finance and home decor now writing from San Miguel, Mexico.

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I just listened to an interview of Bradford Cooke CEO of Endeavour Silver Corp at S & A Investor Radio. I was drawn to the interview because of the title: The Case For Buying Silver. Here’s a company listed on the NYSE, Endeavour Silver Corp (EXK), that looks great from a technical standpoint (See Chart).

The stock has traded from April, 2011 to this month in 2012, between $13 and $7.25. It closed Friday at $8.79. Silver peaked at $49.62 in May, 2011 and has traded ever since down to $26.10 a number of times. Silver closed at $32.10 on Friday.

I agree with Bradford Cooke that Silver could trade back to $40 this year and much higher next year. It would seem to me that EXK would trade higher with Silver going higher. That could mean a nice gain from here with limited risk. Respect the support at $7.25.

For more views on Gold and Silver, check out my new book “Gold Rush!” only $2.99 on Amazon.

Who in government said not to send in military assets to help those Agency operators.
Who in government said not to help those Agency operators in Benghazi with military assets? General Petreus said it wasn’t the CIA. He said only the President can do that!

It would have been a presidential decision. There was presumably a rationale for such a decision. What was it? When and whyâ€”and based on whose counsel obtained in what meetings or conversationsâ€”did President Obama decide against sending in military assets to help the Americans in need?

Was it Valerie Jarrett that vetoed the idea like she did three times over getting Osama bin Laden in Pakistan?

Kathryn Ruemmler, an attorney who currently serves as White House Counsel to President Barack Obama, is huddled up with WH staff. Ulsterman quotes his source as saying “…that the Ruemmler activity makes me believe thereâ€™s more damaging information out there to the administration on Benghazi than has already come out today. They are trying to assess what will and will not get out to determine response.”

Brazil increased its gold reserves for the first time since December 2008. Nations bought 254.2 tons in the first half of 2012 and may add close to 500 tons for the year, the London-based World Gold Council said in August.

Why Did The Bundesbank Secretly Withdraw Two-Thirds Of Its London Gold? Prior to 2001, Germany repatriated 940 tonnes of Gold leaving 500 tonnes on deposit with the Bank of England. Peter Hambro, chair of the UK-listed gold miner Petropavlovsk, said the Bundesbank may have withdrawn its bullion in self-protection since it did not, apparently, have its own specifically allocated bars in London. Even allocated bars, as we’ve learned is no protection. It is safer to hold and store your own physical.

“We should be expecting a big volume of sales or a last minute rush before the Diwali celebration.” Diwali in 2012 will start on Tuesday, the 13th of November and will continue for 5 days until Saturday, the 17th of November.

Last night we heard a lot about sanctions. Obama has had sanctions on Iran for four years and has tightened them over time. No results have been forthcoming. As Romney likes to say, “We are four years closer to Iran getting the bomb!” Romney would have put on strict sanctions from day one.

I am not a fan of sanctions. I think when libs don’t know how to get their way with a country, they resort to sanctions. They didn’t work with Iraq and they haven’t worked with Cuba.

One thing struck me in the debate last night. Obama crows that we ended the war in Iraq and we will be out of Afghanistan by 2014 and he’s pivoting to Asia. I don’t think the Islamist extremists want us out of the Middle East. Here’s why:

A couple of quotes on the geopolitics of all of this, from the Peking University School of International Studies and Renmin University: â€œIt is beneficial for our external environment to have the United States militarily and diplomatically deeply sunk in the Mideast to the extent that it can hardly extricate itselfâ€, and â€œWashingtonâ€™s deeper involvement in the Middle East is favorable to Beijing, reducing Washingtonâ€™s ability to place focused attention and pressure on China.â€ [Rand report]

To me, we need to be on guard for another terrorist attack that will drive up our need for revenge and keep us mired down.